Lima, October 30th, 2018 - Today, Enel Distribución Perú S.A.A. published its financial and operating results for the first nine months of 2018.
“The steady increase of our investments to improve and maintain the electric grid is a clear reflection of our commitment to the sector’s development, which has positioned us as the energy distribution company with the best service quality in the country, in terms of duration and frequency of service interruptions measured by the energy regulator. We will continue contributing to the modernisation of the service provided to our customers, and upholding the highest operating standards,” said José Manuel Revuelta, Enel's Country Manager in Peru.
MAIN FINANCIAL RESULTS
(Expressed in millions of Soles)
|
9M 2018 |
9M 2017 |
Variation |
REVENUES |
2,209 |
2,145 |
+3% |
EBITDA |
526 |
534 |
-1.5% |
NET INCOME |
240 |
243 |
-0.9% |
NET DEBT |
1,332 |
1,297 |
+2.7% |
CAPEX |
301 |
249 |
+20.9% |
- REVENUES: increased vs. 9M 2017 due to greater energy sale volumes (+12.75%) and a higher average energy sale price (+4.43%) in the free market. This increase offset the effects of the lower regulated market sale volumes resulting from lower energy distribution in the regulated market following customers’ migration to the free market.
- EBITDA: decreased compared to 9M 2017, due to higher maintenance expenses in the low-voltage network to ensure the company’s high levels of service quality and continuity.
- NET INCOME: decreased vs. 9M 2017, in line with EBITDA decline, coupled with higher amortisations by 4.3% driven by the investments carried out in the period, partially offset by an 11.1% increase in the financial result[1], which mainly resulted from the reversal of a legal contingency for 10 million PEN.
- NET DEBT: increased by 2.7% in line with the company’s investment plan.
- CAPEX: increased by 52 million PEN, and was mainly aimed at meeting customer demand by expanding and reinforcing electricity distribution networks, with a view to ensure service quality and safety.
MAIN OPERATING RESULTS
|
9M 2018 |
9M 2017 |
Variation |
ENERGY DISTRIBUTION (GWh) |
5,984 |
5,989 |
-0.1% |
CUSTOMERS (THOUSANDS) |
1,417 |
1,392 |
+1.8% |
- ENERGY DISTRIBUTION: decreased slightly in line with the energy consumption of the company’s customers.
- CUSTOMERS: increased mainly as a result of new residential connections (low voltage).
[1] Financial result = EBIT minus earnings before taxes.
Enel S.p.A. provides for the dissemination to the public of regulated information by using SDIR NIS, managed by BIt Market Services, a London Stock Exchange Group's company, with registered office at Milan, Piazza degli Affari, 6. For the storage of regulated information made available to the public, Enel S.p.A. has adhered, as from July 1st, 2015 to the authorized mechanism denominated “NIS-Storage”, available at the address www.emarketstorage.com, managed by the above mentioned BIt Market Services S.p.A. and authorized by CONSOB with the resolution No. 19067 of November 19th, 2014. From May 19th 2014 to June 30th 2015 Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by CONSOB with resolution No. 18852 of April 9th, 2014